Wednesday, 9 August 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 09 AUGUST 2017

Ref.Soya oil trading range for the day is 645-657. Ref soyoil ended with gains tracking firm soybean prices and anticipation of increase in edible oil import duty. Moreover, expectation of festival demand in coming weeks also supports prices. As per SEA, the import volume is down by about 30% for the period from Nov-May to 16.10 lt compared to 24.22 lt last year for same period. At the Indore spot market in Madhya Pradesh, soyoil was steady at 631.8 Rupees per 10 kgs.